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21 Nov 2023

Confident in the Egyptian economy, Japanese Mitsui targets expanding the added value of its food business in Egypt

 Mitsui Corporation, a Japanese investment company, has decided to invest in the Egyptian food industry. The company signed an agreement to acquire a stake in El Wadi Poultry Company, with the aim of developing chicken production and manufacturing and selling processed foods. Mitsui will work to support El Wadi's integrated production chain, which starts with the purchase of feed and ends with the sale of chicken, and has been in operation for over 30 years. The company will also benefit from the sustainable growth of the Egyptian economy in general, and the consumer sector in particular. Mitsui Corporation operates in 63 countries around the world, while El Wadi Poultry Company is part of El Wadi Group, a leading food company founded in 1984.